The first Senate hearing on the proposed Maharlika Investment Fund only revealed that the measure creating it is 'defective', Senate Minority Leader Aquilino "Koko" Pimentel III said Thursday.
Asked if he thinks the measure will be passed by the upper chamber after Holy Week as stated by Senate President Juan Miguel Zubiri, Pimentel said, "Kahit anong oras ito, dapat hindi ito pumasa." Pimentel also said that should the measure be passed, some of its parts can still be questioned before the Supreme Court.
"Yung ibang private businesses kailangan magbayad ng permit, withholding tax, income tax, lahat po. Si gobyerno magtatayo ng isang korporasyon na papasok din sa negosyo pero exempted sa lahat. Is that fair?" he said in a separate interview."Isn't it giving undue advantage to private investors coming into these funds?" Gatchalian asked.
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